May 24, 2000 KyodoTOKYO – Japan's four major real estate companies reported massive losses in the fiscal year ending March 2000, forcing two of them into the red, according to unconsolidated earnings reports. The four companies – Mitsui...

May 24, 2000 1st-Qtr 001st-Qtr 99FFO $2.7 mln$2.6 mln FFO/shr (diluted) $0.35 $0.33 Net Income $1.8 mln $1.8 mln Net/shr$0.22 $0.23 Revenue$7.0 mln $5.6 mln Shares outst.8.0 mln 8.0 mln

May 24, 2000 KyodoTOKYO – Seibu Department Stores Ltd. plans to sell its flagship store in Tokyo's Ikebukuro in order to pay off debt, sources familiar with the retailer's plan said.Seibu would likely lease back the Ikebukuro store...

May 23, 2000 A group of investors, led by Sam Zell's Veqtor Finance Co. LLC, has taken a 15.2 percent stake in Capital Trust Inc. (NYSE:CT).The group of investors bought 3.2 million shares of the REIT, according to...

May 23, 2000 DALLAS – Equity Investment Group – a shopping center investment trust based in Fort Wayne, Ind. – has listed its portfolio of properties for lease on WebRealEstate.com .Equity Investment's portfolio consists of 115 shopping centers,...

May 23, 2000 (NewsTraders.com) -- Developer's Diversified Realty (NYSE:DDR) was initiated this morning with a "strong buy" recommendation and $18 price target by UBS Warburg analyst Richard Paoli."We believe that the environment is right for investors to begin...

May 23, 2000 Federal bank regulators are becoming concerned that community banks have been too aggressive in expanding their presence in the commercial real estate market.In a speech before the Independent Community Bankers of America in Washington yesterday,...

May 23, 2000 Charlotte to see new 234-unit residential complexThe Charlotte Observer, May 23CHARLOTTE, N.C. – Spectrum Properties and RJV Investments will develop 234 condominiums and apartments, a grocery store and a clubhouse in an upscale mid-rise complex...

May 23, 2000 FORT LEE, N.J. – Vornado Realty Trust (NYSE:VNO) has signed an agreement to have Everest Broadband Networks provide high-speed Internet access and long-distance telephone service to the 62 office buildings in its portfolio.As part of...

May 23, 2000 LOS ANGELES – A unit of Oakwood Worldwide has formed a venture with Mitsui Fudosan, one of Japan's largest developers, to develop corporate housing in Tokyo and Osaka, Japan.The venture will be 90 percent owned...

May 23, 2000 TORONTO – RioCan Real Estate Investment Trust (TSE:REI.UN) is in preliminary discussions with Centrefund Realty Corp. about a possible "business combination."In a statement issued this afternoon, RioCan said, "Specific terms for any such transaction have...

May 22, 2000 SACRAMENTO, Calif. – The California Public Employees' Retirement System is planning to invest up to $500 million in real estate-related technology companies.The pension fund plans to find an investment partner that would be responsible for...

May 22, 2000 TrizecHahn subsidiary taps CSFB, Deutsche Bank for $500 Mln revolving credit lineReal Estate Finance & Investment, May 22TrizecHahn Office Properties has obtained a $500 million credit line from Credit Suisse First Boston and Deutsche Banc...

May 22, 2000 1st-Qtr 001st-Qtr 99FFO $23.6 mln$21.3 mln FFO/shr (diluted) $0.61 $0.55 Extra Gain (Loss) $(1.5 mln) $(2.8 mln) Net Income $5.2 mln $4.8 mln Net/shr$0.22 $0.21 Revenue$46.7 mln $45.6 mln Shares outst.23.2 mln 23.2 mln

May 22, 2000 1st-Qtr 001st-Qtr 99FFO $1.4 mln$1.3 mln FFO/shr (diluted) $0.19 $0.18 Net Income (loss) $(0.01 mln) $(0.09 mln) Net/shr$0.00 $0.00 Shares outst.7.4 mln 7.5 mln

May 22, 2000 (NewsTraders.com) -- Real estate investment trust Developers Diversified Realty (NYSE:DDR) was assigned a "buy" rating today in initial coverage launched by McDonald Investments analyst Richard Moore.The analyst has a 12-month price goal of $18 for...

May 22, 2000 1st-Qtr 001st-Qtr 99FFO $10.6 mln$12.2 mln FFO/shr (diluted) $0.28 $0.32 Net Income (loss) $(6.2 mln) $(3.8 mln) Net/shr$(0.17) $(0.10) Revenue$20 mln $18.7 mln Shares outst.38 mln 38.6 mln

May 22, 2000 NEW YORK – The owner of Rockefeller Center has announced that it plans to seek bids for the sale of Rockefeller Center, a 12-building office complex in the heart of Midtown Manhattan.The owner, Rockefeller Center...

May 22, 2000 BETHESDA, Md. – Redbricks.com has named Mark Erard, the former chief scientist of TRW Inc., as its chief technology officer.In his new role, Erard will focus on improving the technical aspects of Redbricks.com, an online...

May 22, 2000 CHICAGO – AMLI Residential (NYSE:AMLI) has broken ground on a 300-unit apartment complex in the Kingwood development of Houston. The REIT expects to spend $19.4 million on the complex, AMLI at Kings Harbor, which will...

May 22, 2000 Johns Creek opts for private sewage treatment plantAtlanta Business Chronicle, May 22 ATLANTA, Ga. – Technology Park/Atlanta Inc. has begun construction on an on-site wastewater treatment facility at its Johns Creek technology office park. The...

May 22, 2000 (NewsTraders.com) – William Barron Hilton, chairman of the board for Hilton Hotels Corp. (NYSE:HLT), acquired 300,000 common shares of the hospitality concern in mid May, according to a Form 4 released Friday. Hilton bought the...

May 19, 2000 MIAMI – An affiliate of Terremark Worldwide Inc. (AMEX:TWW ) has acquired a former Aetna office building complex in Hartford, Conn., for $4.6 million and will convert the site into a telecom hotel.Telecom Routing Exchange...

May 19, 2000 Go To Moody's Presale Report.Go To Related Story in the Commercial Real Estate Direct Archive.Merrill Lynch Canada MLMLI 2000-Canada 3ClassAmount($mln)Sub. Level(%)RatingMoody'sAvg.LifeSpread(BP)BnchMarkA-179.818Aaa5+73Treas.*A-2131.418Aaa9.6+95Treas.B7.715Aa29.8+110Treas.* Canadian Treasury.

May 19, 2000 NEW YORK – PricewaterhouseCoopers has formed a strategic alliance with Service Resources Inc., an Integrated Facility Management company, to expand its real estate process outsourcing services.The partnership will allow the companies to combine strengths in...